🗝️Cash Flow Opportunity! 4 Unit Building with Value Add Potential 🏢

Ideal for investors, this 4-unit multifamily building in Cincinnati, OH offers great potential with each unit featuring 2 bedrooms and 1 bathroom. While the property needs some rehab work, it presents a fantastic value-add opportunity to increase rental income and property value. Located in a desirable area with convenient access to downtown, public transit, and local amenities, this building is perfect for those looking to renovate and maximize their return on investment. Don’t miss out on this chance to transform a promising property into a high-yield asset.

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ASKING PRICE: $375K

ARV: $500K

SOLD COMPS:

153 Glenridge Pl, Cincinnati, OH 45217 - SOLD $400K

3928 Leyman Dr, Cincinnati, OH 45229- SOLD $505K

RENTAL COMPS:

3862 Vine St, Cincinnati, OH 45217- RENT $2,295/MO

Property Overview:

🛏  (4) 2 Beds/1 Bath

📏 4,300 Sqft. (1,075 sqft per unit)

🌳 0.23 Acres

📅 Built in 1954

Property Details & Condition:

🧱 Foundation: Wood frame with basement 

🪟 Windows: Original

🏠 Roof: 17 years ago

💨 Window Unit: 3 yr old with 7yr warranty

💦 Hot Water Heater: 2022

🪠 Plumbing: Copper 

💡 Electrical: Breakers 20 years old

🔥 Heat Source: Baseboard Heat

🌊 Water: City Water 

🚽 Waste: Sewer

Additional Insights:

🚧 Attention Required: 

• Rehab Estimate Range: $100K
• Tenants are paying $600/mo

PLEASE CALL TO SCHEDULE SHOWINGS

919-646 9714

TENTATIVE CLOSE DATE: ON OR BEFORE 1/23/2025

*PROPERTY WILL BE DELIVERED WITH TENANTS*